Rs 10,000 crore Wave City Center to pump up realty in Noida

The Noida authority has shown the green light for the construction of Wave Group's City Center, one of India's biggest mixed-use residential and commercial developments, in the heart of the city.

To create a project of this size and scale, Wave Group has roped in the very best in the world with renowned international consultants like SOM, IMXD, FORREC, AECOM, ARUP, and NOSTRI on board to guide this urban development at every stage.

Manpreet Singh Chadha, the joint managing director of Wave Infratech, said: "Our project is in full swing. The first phase, nearly 9.5 million sq ft in area, of Wave City Center will be delivered as scheduled, by 2016. At every step we remain committed to the development of the state, our investors and the customers."

Wave City Center promises residents and patrons "an unlimited indulgence of the best lifestyles where time revolves around you and not the other way round" .

Spanning across Sectors 25A and 32 in Noida, Wave City Center is coming up over 152 acres. The project has excellent connectivity and accessibility from all points. It is in close proximity to the Noida City Center Metro station, the Noida golf course, Sector 18 and the DND toll bridge.

Wave City Center offers a bouquet of "thoughtfully crafted products" comprising premium and ultraluxury residences, multi-use studios and 1BHK apartments, premium offices, high street shop condominiums (SCOs), retail, mall and cinema, a range of hotels and a unique family entertainment centre with indoor water, snow and other theme parks.

Apart from all these, it also encompasses the next generation intercity transport and security systems to ensure a secure and safe environment for its residents and occupants.

Wave Infratech has commissioned IBM, the global IT giant, to conceptualize the 'smart city' concept for this ambitious project, which is "designed to make every facet of the residents' daily life convenient" .

"It will be one of the largest self-sustainable developments and will comply with LEED Gold Certification," the developer has said.

The project has facility for parking over 43,000 cars with block podium parking, which enables congestionfree ground-level movement.

All in all, Wave City Center offers world-class amenities, a dynamic product mix, a smart city concept, and excellent location. As it is surrounded by the inhabited residential blocks and the commercial hubs of Noida, it is certainly one of the most lucrative destinations for end users and investors , as it has the potential to maximize returns over the years.